Old Mutual Money Market Fund
MANAGEMENT Fund Manager's Comment
Michael van Rensburg, BCom
Michael started his career on the Money Market desk of the Department of Post and Telecommunications. As a Money Market Manager his primary functions were the daily management of cash flows and the investment of surplus funds. He was also responsible for the start-up of the Commercial Paper Bill program and the successful implementation of the counterparty credit limits. After three years on the Money Market desk he moved to the Capital Market as a market maker for Telkom long-term debt. He subsequently joined ABSA where he worked as a market maker for their Treasury Division. Prior to joining Old Mutual Asset Managers, Michael worked for Sanlam Asset Managers as head of Fixed Income Trading. Michael currently heads up Old Mutual Asset Manager's Fixed Income Trading desk. In addition, he also manages the Old Mutual Money Market Fund, the Namibia Money Fund as well as a number of aggressive bond funds.
FUND OBJECTIVES AND FOCUS

The fund aims to deliver a regular income and to outperform bank deposits over time, while preserving capital. The fund has never experienced a negative return over any calendar month since inception. This fund is suited to investors who want a liquid investment that delivers a regular income and/or maximum capital protection, but who understand that their investment is unlikely to keep pace with inflation if held in the long term. The fund invests in money market securities with a maturity of less than 13 months. The fund's average maturity may not exceed 90 days. The fund is not required to be Regulation 28 compliant in terms of its Deed, but the fund manager is mandated to comply with Regulation 28 on a day-to-day basis.


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WEBGRAPH
RANKING
SectorSouth African-Interest Bearing-Money Market
SizeR14,811,544,068
Sector Rank: 16 out of 31
(lump sum over 3 years to 30 June 2015)
Overall Rank: 228 out of 1038
(lump sum over 3 years to 31 July 2019)
R1000 invested on 31 July 2016 was worth R 1245 at 31 July 2019
( 7.58% annual compound return)
R100 per month since 31 July 2016 was worth R 4032 at 31 July 2019
( 7.24% annual return compounded monthly)
TECHNICAL OVERVIEW
Formation Date:26 AUG 1998 Holdings:81
Original Price:0 Pricing:Forward
Top Holdings on 31 July 2019
Share (Sector)No.Value% of Fund
BC125 (Bond)192,000,000192,001,344 1.30 %
CASH (Cash on call)03,065,206,776 20.69 %
MM-01MONTH (Money Market)02,081,966,120 14.06 %
TOTAL R5,339,174,24036.05%

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